Marine Auxiliary Engines Market is predicted to reach USD 2,807.4 million at a CAGR of 3.9% during the forecast period

Pune, India, August 2022, MRFR Press Release/Market Research Future has published a Half- Cooked Research Report on the Global Marine Auxiliary Engines Market.

Marine Auxiliary Engines Market

Marine auxiliary engines are engines utilized to provide power to ships or boats. These engines consist of crankshaft, liner, pistons, bedplate, and head. These components are constructed with corrosion-inhibiting materials, and their seals and bearings are specifically designed for operating in sea environments. Marine auxiliary engines have advantages, such as operational flexibility and high efficiency while supplying power to the vessels. Such engines are also efficient in terms of speed, weight, and reliability in harsh climatic conditions.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Marine Auxiliary Engine Market Research Report.

Marine Auxiliary Engines Market Synopsis

According to the MRFR analysis, the global marine auxiliary engines market size is projected to reach USD 2,807.4 million by 2030 at a CAGR of 3.9%.

The growing international maritime freight transportation is the prominent factor driving the market's growth. Marine freight has become one of the key transportation segments for international trade, as it is cheaper than other means of transport such as air and land. Further, increasing the shipbuilding industry coupled with high R&D investments and an increase in the number of shipbuilding contracts in developing economies is likely to boost the global market. However, stringent environmental regulations are likely to hinder the global Marine auxiliary engines market.

The pandemic's global health and economic crisis has disrupted the maritime transport and trade landscape and has had a significant impact on growth prospects. According to UNCTAD, the volume of international maritime trade will decrease by 4.1% in 2020. A twin supply and demand shock severely impacted the global economy because of supply chain disruptions, demand contractions, and global economic uncertainty caused by the pandemic.

Marine Auxiliary Engines Market Competitive Landscape

The global marine auxiliary engines market is characterized by the presence of global, regional, and local players, which are segregated into Wabtec Corporation (US), Caterpillar (US), Cummins Inc (US), Rolls-Royce Plc (UK), MAN (Japan), Wartsila (Finland), Mitsubishi Heavy Industries (Japan), John Deere (US), STX Engine (South Korea), Hyundai Heavy Industries (South Korea), Kirloskar Oil Engines Ltd (India), AGCO Power Inc (Finland). The global Marine auxiliary engines market remains fragmented with the majority of tier-1 players, with leaders.

Marine Engine Market Segmentation:

Marine Auxiliary Engines Market Based on fuel:

• Diesel: Marine diesel refers to marine fuel composed of various distillates blends and heavy fuel oil containing very low heavy fuel oil content. Marine diesel contains a higher density as compared to diesel fuel. Marine diesel is available in various blending ratios that can be controlled by processes in the refinery or blending ready-made marine fuels. Their unique blending ratios make it suitable to use marine diesel oil in numerous engines.


• Gas: In the marine industry, pure gas engines help reduce the amount of NOx and decrease emissions by 20% compared to other fuel engines. These engines are based on ISO3046, without attached pumps. It has a wide range of applications in power generation, Mechanical Drive (CPP), and Hybrid Drive. For instance, MAN, one of the global manufacturers of auxiliary engines, uses gas engines in its auxiliary generator set to protect the environment from pollution.

Marine Auxiliary Engines Market Based on power:

• Up to 350 HP: Marine auxiliary engines with a power range up to 350 HP are low-speed engines; they have a maximum operating speed of 300 RPM. These engines are powered mainly by two-stroke turbocharged engines, in which about 4 to 12 cylinders are arranged in an in-line formation. The marine auxiliary engines with power up to 350 HP can operate efficiently on low-quality fuels, which is a major driver for this segment in the global marine auxiliary engines market.


• 350 HP to 650 HP: Marine auxiliary engines consist of power up to 350 HP TO 650 HP have operating speeds ranging between 300 RPM and 800 RPM. These types of engines primarily comprise 4-stroke engines with integrated speed reduction gears. The cylinders in these engines are generally installed in in-line or V-shaped configurations.


• 650 HP to 1000 HP: Marine auxiliary engines consist of a power range between 650 HP to 1000 Hp or more than power have operating speeds of 800 RPM and above. The cylinders in these engines are generally installed in in-line or V-shaped configurations. 650 HP to 1000 HP marine auxiliary engines have a higher power to weight ratio than 350 HP TO 650 HP and 350 HP marine auxiliary engines. Engines with power within 650 HP to 1000 HP are widely used to provide auxiliary power in commercial marine applications.

Marine Auxiliary Engines Market Based on application:

• Commercial boats: The commercial boats of marine auxiliary engines are powerboats, center console boats, houseboats, lifeboats, and personal watercraft boats. The boats included in this segment use 4-stroke engines since their speed requirements are much higher than the cargo ships and cruise ships. All the boats in this segment are generally small and mostly use medium or high-speed 4-stroke engines.


• Security boats: Security boats of marine auxiliary engines are boats primarily used for transporting passengers across water bodies. Security boats are also used for tourism purposes and voyages to remote islands. Moreover, the ocean tourism industry can provide significant economic growth to economies, and several governments across the globe are working on tapping the potential of this industry. This is expected to substantially grow the security boats segment during the forecast period.


• Recreational boats: The recreational segment comprises oil tankers, bulk carriers, container ships, and chemical tankers. According to the International Chamber of Shipping (2019), about 90% of the internationally traded products are transported using marine vessels. According to the World Shipping Council, the global revenue generated from seaborne trade is divided among containerized goods (52%), oil tankers (22%), general cargo (20%), and dry bulk (6%).


• Fishing boats: The fishing boat segment is a vessel majorly used to catch fish from the sea and other seafood for commercial profit. The growth of fishing boats occurred in parallel with the expansion of boats used for trade and war. Furthermore, the growing demand for fish from the food industry has created an optimistic opportunity for the fishing boat segment during the assessment period.

Marine Auxiliary Engines Market Based on region:

• North America: The growth in the North American market is owing to the increasing investments in shipbuilding in the region. The growing international seaborne trade is a major factor driving this region's marine auxiliary engines market. The US marine auxiliary engines market is projected to witness significant growth, owing to the increased technological developments in diesel marine engines. Moreover, the global demand for products manufactured in the US is expected to propel the demand for commercial boats in the country.


• Europe: Europe is the second-largest marine auxiliary engines market globally, followed by North America. As the crude oil prices stabilize, trade in Europe is expected to grow during the forecast period. The region primarily imports cars and electrical equipment, and its primary imports include electrical equipment and dry bulk materials.


• Asia-Pacific: The marine engines market in Asia-Pacific has grown significantly in the last two decades and is expected to grow substantially during the forecast period. This is primarily on account of the rising seaborne trade in the countries such as China, South Korea, and India. Additionally, the introduction of regulatory norms by government authorities regarding maritime safety and prevention of pollution by ships has resulted in the growth in the demand for advanced marine auxiliary engines.


• South America: Brazil accounted for the largest market share. The Marine auxiliary engines market is expected to grow significantly.


• Middle East & Africa: The Marine auxiliary engines market in this region is expected to grow substantially especially due to the increasing demand for fishing boats and commercial boats.